Best Western Plus Lake Kawana Hotel sold by Triple B Motels to the Centro Group of Companies

Triple B Motels has sold the Sunshine Coast's Best Western Plus Lake Kawana Hotel to the Queensland-based Centro Group of Companies, with the sale negotiated by CBRE's Paul Fraser in conjunction with Peter Ward from Ward Commercial Hotels.

The iconic Gambaro Hotel is to be offered for sale, with CBRE Hotels’ agents Wayne Bunz and Hayley Manvell exclusively appointed to market the hotel via an International Expressions of Interest campaign.

Barry Fleischmann, Neville Smith and Angelo Castorina from Colliers International on behalf of Nonchalon Pty Ltd, offer for sale the freehold investment of this well-known resort located at 166 Woolcock Street in Townsville, Queensland.

West Australian-based Facilimate Hotels has continued its Queensland expansion with the purchase of Mackay’s Coral Cay Resort - the sale negotiated by CBRE Hotel's agents Hayley Manvell and Wayne Bunz.

Getaway's Charli Robinson gets up close with the Living Reef on the redeveloped Daydream Island

Charli Robinson from Nine's Getaway shared some memories of her first visit to the reinvigorated Daydream Island, which reopened in April 2019 following extensive renovations after Cyclone Debbie in 2017.

Investors and tourists are returning to islands on the Great Barrier Reef after wild weather and economic woes threatened this iconic part of Australia, one of the seven wonders or the natural world - reports JLL Hotels.

Value of property prices in Sydney are expected to rise by 2 per cent and in Melbourne, unit prices will grow from 0 to 2 per cent and house prices will increase from 1 to 3 per cent, according to Dream Design Property (DDP).